UNITED STATES SEC FILE NUMBER
SECURITIES AND EXCHANGE COMMISSION 000-18291
WASHINGTON, DC, 20549
CUSIP NUMBER
97607634
FORM 12B-25
NOTIFICATION OF LATE FILING
Check one: Form 10-K Form 20-F Form 11-K X Form 10-Q
Form N-SAR
For Period Ended: September 30, 1998
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition period Ended:
Read Instruction (on back page) Before preparing Form, please print or type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
PART I - REGISTRANT INFORMATION
U.S. PAWN, INC.
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Full Name of registrant
Former Name if applicable
7215 LOWELL BLVD.
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Address of Principle Executive Office (Street and Number)
WESTMINSTER CO. 80030
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City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in PART III of this
form could not be eliminated without unreasonable effort or
expense;
X (b) If the subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calender day
following the prescribed due date; or the subject quarterly
report of transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calender day following
the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR or the transition report or portion thereof, could not be filed within the
prescribed time Period. (Attach Extra Sheets if Needed)
In late September and early October of 1998, certain events and conditions
relating to the Company's operations in the Omaha, Nebraska area occurred which
require the evaluation of the carrying values of certain assets at that
location. As these evaluations require the gathering of additional information
and substantial additional time to complete, the Registrant's Form 10-QSB for
the period ended September 30, 1998 could not be filed within the prescribed
time period.
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PART IV- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Charles C. Van Gundy (303) 657-3550
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(Name) (Area Code) (phone Number)
(2) Have all other periodic reports required Under Section 13 or 15(d) of to
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) been filed? If answer is no,
identify report(s). X Yes No
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(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion
thereof? X Yes No
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If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and , if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
It is anticipated that the Company will report a net loss for the three
months ended September 30, 1998 in excess of $300,000 as compared to the loss of
$139,000 reported for the three months ended September 30, 1997. The anticipated
net loss is primarily attributable to the impairment of long-lived intangible
assets, an inventory valuation allowance, the non-deductibility for income tax
purposes of such non-recurring charges and the sale of certain assets.
The Company's results of operations will be more fully explained in the
Registrant's Form 10-QSB for the period ended September 30, 1998 to be filed
with the Commission on or before November 19, 1998.
U.S. PAWN, INC
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on it's behalf by the undersigned
hereunto duly authorized.
Date November 16, 1998 By /s/ Charles c. Van Gundy
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Charles C. Van Gundy
Chief Executive Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17CFR 240.12b-25) of the General
Rules and Regulations Under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington D.C. 20549, in accordance with Rule 0-3 of the
General Rules and Regulations under the Act. The information contained in
or filed with the form will be made a matter of public record in the
Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of
the registrant is registered.
<PAGE>
4. Amendments to the notifications must also be filed on form 12b-25 but need
not restate information that has been correctly furnished. The form shall
be clearly identified as an amended notification.
5. Electronic Filers: This form shall not be used by electronic filers unable
to timely file a report solely due to electronic difficulties. Filers
unable to submit a report within the time period prescribed due to
difficulties in electronic filing should comply with either Rule 201 or
Rule 202 of Regulation S-T or apply for an adjustment in filing date
pursuant to Rule 13(b) of Regulation S-T.
